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MASKUSDT trade ideas

The MASK Has Fallen 🤿 Now What?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. MASK is overall bullish trading inside the rising channel in blue, and we are currently in a correction phase approaching the lower blue trendline. Moreover, the zone 3.5 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline. As per my trading style: As MASK is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
MASKUSDT → Preparing to break through the resistanceBINANCE:MASKUSDT is squeezed in a triangle, a breakthrough of resistance can form an implus within which the cryptocurrency pair can strengthen to 6.990. BINANCE:MASKUSDT is in an uptrend. It is worth paying attention to the strong support of the uptrend channel and the 200-day uptrend average. The line confirms the presence of a strong support, which was false-break-down three days ago. Statistically, the strongest moves occur after a false-break-down. We might see a break-up of the local resistance, but in that case the bulls will have to be tough to control the market. MA-200 is a strong support MA-50 is a resistance that might be tested soon. Strong support: uptrend channel support at 3.758 Strong resistance: downside line, 4.840 level I expect the end of the consolidation by break of the resistance and bullish momentum to 4.840, and then to 6.990. Regards R.Linda!
by RLinda
10
MASKUSDT wants the new breakout? MASKUSDT is exhibiting a consolidation phase, indicating a potential breakout opportunity according to Plancton's rules for long positions. During this consolidation phase, the price of MASKUSDT is trading within a defined range, showing limited volatility and a lack of clear directional movement. Traders following Plancton's rules for long positions would closely monitor this phase, patiently waiting for signs of an impending breakout. According to Plancton's rules, a breakout occurs when the price convincingly moves above a significant resistance level, indicating a shift in market sentiment and the potential for upward momentum. Traders employing this strategy would wait for confirmation of a breakout before entering a long position in MASKUSDT.
by InkyGrip
Bullish Descending Triangle :: Mask/USDTAggressive traders will enter long trades right around the lower horizontal support trendline once sufficient support has confirmed. The concept is that the trend is on your side and the bulls are maintaining a ‘line in the sand’ support line higher than previous. This is a very accurate trade that usually has a great risk:reward ratio. Stop placement can be fairly tight right below support & can be adjusted upward accordingly. Note there is a ‘mid-line’ created using the apex as the measurement & traders can gauge success of the immediate swing based on this incremental value. When price approaches the upper descending resistance line you should gauge the momentum: if you see that the momentum is strong stick to the position. However, if you see that resistance prevails, close the trade & take your profits to maximize the reward.
Long
by mmhogsett
MASKUSDT.P Order Block + MACD Cross (Short) 5/23/2023This chart shows a potential short position when it retests the most recent bearish order block. Multiple shadow wicks are visible, MACD crossed, bearish 200 EMA, and there are no fair value gaps to be filled above, which makes it less likely to have a pump. A change of character also happened recently which supports our short position for this bearish market structure. Our take profit will be in the recent low, but we can take partial profits along the way.
Short
by kulaizkii